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WE SEE ISSUES

How could Carlos Ghosn, one of the world’s most visible and respected executives, allegedly bilk Nissan Motor Co., one of the world’s most visible and respected companies, for so many years without being exposed? Where was the corporate auditing, the board oversight, the compliance safety net? As soon as the charges against Ghosn were made public, these questions were asked, and they baffled observers.

After Ghosn’s arrest, one of Hiroto Saikawa’s top priorities was to address the question of just how it could have happened. He created what Nissan positioned as a special independent committee of directors and respected business figures to root out the rot and propose a better corporate governance structure that would prevent ...

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